Twitter Has A "Truckload" Of Money And No Interest In Going Public

Twitter
CEO Dick Costolo said that the company has absolutely no interest
in going public any time soon.

Twitter has plenty of money and it would rather focus on growing
the business than worrying about whether the IPO window is open
or closed, or whether some external market event will suddenly
make going public impossible.

Here's how he put it:

We went out and just raised a bunch of money -- more money than
I've ever seen before...$400 million. Now we have what can only
be referred to as truckload of money in the bank. We were able to
go do that on very favorable terms, retain control of our own
destiny, and grow the business the way we wanted to....We don't
have to worry about questions like does this particular exogenous
event have any influence on when we'll be public.

He also said that Twitter is going to be focusing mostly on
advertising for its business, and said that the service now has
100
million active monthly users -- the first time Twitter has
revealed that number.